A string of stellar earnings reports have sent top gaming stocks to new highs, significantly outperforming the S&P 500 index so far in 2020. Activision Blizzard (NASDAQ: ATVI) is having the best year among its top competitors, with full-year bookings expected to grow at faster rates than results at Electronic Arts (NASDAQ: EA) and Take-Two Interactive (NASDAQ: TTWO) .
The recent growth in Call of Duty marks a comeback for one of the best-selling game franchises of all time. What's more, a recent brand survey of teens shows the title is chipping away at the lead of Fortnite , which has been the most popular shooter on the market over the last two years.
Image source: Activision Blizzard.
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Why Activision Blizzard Is the Best Gaming Stock of 2020